INCUBATION CYCLE
PRE-INCUBATION:
Target Market:
- Bright, entrepreneurial South Africans with a business idea involving PGMs.
What we offer:
- Growth wheel feasibility assessment, technical assessment and feedback
- Business mentorship & counceling, training and advice
- Networking opportunities
- Registration of new businesses and compliance with statutory obligations
The Outcome:
- Operating registered company
- Business plan
INCUBATION:
Target Market:
- South African entrepreneurs who have experience in producing PGM products or services.
What we offer:
- Machinery: Access to machinery, CAD software, administrative services, Wi-Fi and internet
- Assistance in procuring raw material
- Organised access to experts
- Marketing, distibution tools and platforms for tenants’ products
- Reduced set up capital and start-up costs
- Professional security and asset protection
- Quality control
- Strength and synergy in numbers: The clusting together of similar and complementary enterprises allow small enterprises to reduce costs through combined and shared use of scarce resources and limited capital
Outcome:
Sustainable manufacturing business from inception to production – The Incubation Cycle
1st Year
- Business modeling
- SARS and CIPC compliance
- Banking strategies and practice
- Precious metal regulations
- Trend analysis
- Computer-Aided design training
Mid/Incubation Phase (2nd Year)
- Trainings (Business development and technical)
- Growth Wheel 360 screening
- Levels of competencies in different metals
- Quality management systems
- Production plans
- Developing branding & marketing material
Final Year/Exit Strategy (3rd Year)
- Costing and pricing
- Metal register management
- Accounting for metal
- Sales targets
- E-filing competency
- Presentation skills
POST INCUBATION:
Target Market:
- Candidates who have been in business for more than 3 years producing quality, tested products.
What we offer:
- Clients are encouraged to operate from their own premises and become independent of the incubator
- Access to professional services, machinery, equipment and metals purchasing power is available at a nominal fee. Access to networking and exhibition opportunities are among the benefits for those who have graduated from our incubation programme.
- Participation in the post Incubation hub at OR Tambo airport.
Outcome:
Exit strategy
- How to find and apply for sponsorship and grant funding applications.
- How to compete and strategies for success.
- How to conduct a business plan review based on:
- Export and import initiatives
- Export and import initiatives
- Investor opportunities
- Marketing your goods and services
